NEW: Prices Fall for First Time Since 2020 as Indicators Point Toward Historic Economic Boom https://t.co/gdfhrjjdzH
— MeidasTouch (@MeidasTouch) December 22, 2023
Meanwhile, six-month core inflation eased to 1.87%, under the Fed's 2% target. Consumer spending rose by 0.2% in November and overall personal income increased by 0.4%.Federal Reserve Chair Jerome Powell expressed optimism in the recent numbers, and Americans are finally feeling upbeat as the positive economic data begins to be felt in their wallet and their bank accounts.
The positive economic indicators have contributed to increased consumer confidence and a more optimistic outlook for the future, as consumer confidence surged to its highest level in months.
The Federal Reserve recently that interest rate cuts are on the way, causing the stock market to make record gains.
Businessman, investor, and Shark Tank host, Kevin O'Leary, told Fox host and former Trump official Larry Kudlow: "We’ve got inflation slowing down, we’ve got the soft landing, stocks are rising. This is a fantastic holiday season. Rudolph the reindeer has arrived"
...how do people feel about the economy right now?If these indicators persist, it is likely President Biden could be overseeing one of the strongest economies in American history come election day.
‘Cause that’s all that matters, right?
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